Question 1

The product life-cycle model states that:

Accepted Answer

A)  as a product "matures" its production can take place where cost advantages are present 
B)  products become less dependent on "trial and error" fixing once they enter into mass production so they can be produced anywhere 
C)  production that is routine can be moved abroad 
D)  mass production is more labour intensive than is early production, it then pays to move production to where labour is cheaper 
A)  as a product "matures" its production can take place where cost advantages are present 
B)  products become less dependent on "trial and error" fixing once they enter into mass production so they can be produced anywhere 
C)  production that is routine can be moved abroad 
D)  mass production is more labour intensive than is early production, it then pays to move production to where labour is cheaper B

Question 2

Which world region now seems to be recapturing the share of world GDP it lost between 1820 and 1950?

Accepted Answer

A)  Europe and Russia 
B)  North America 
C)  Asia 
D)  Africa 
A)  Europe and Russia 
B)  North America 
C)  Asia 
D)  Africa C

Question 3

The global financial system has experienced a much more rapid pace or speed of transactions since the 1970s. Which type of transaction has experienced the greatest increase in pace?

Accepted Answer

A)  product prices 
B)  interest rates 
C)  exchange rates 
D)  stock prices 
A)  product prices 
B)  interest rates 
C)  exchange rates 
D)  stock prices C

Question 4

The expansion and contraction of the world economy since the late 1700s is sometimes described in terms of long-term cycles in prices named after the Russian economist Kondratiev. How long on average is each entire growth-stagnation cycle?

Accepted Answer

A)  20 years 
B)  50-55 years 
C)  11-15 years 
D)  40 years 
A)  20 years 
B)  50-55 years 
C)  11-15 years 
D)  40 years

Question 5

What is a "regional motor" to the world economy?

Accepted Answer

A)  a place where moderate transport costs and high external economies coincide 
B)  a place with overall lower costs 
C)  a place with low transport costs 
D)  a place with high external economies 
A)  a place where moderate transport costs and high external economies coincide 
B)  a place with overall lower costs 
C)  a place with low transport costs 
D)  a place with high external economies

The product life-cycle model states that:

Which world region now seems to be recapturing the share of world GDP it lost between 1820 and 1950?

The global financial system has experienced a much more rapid pace or speed of transactions since the 1970s. Which type of transaction has experienced the greatest increase in pace?

The expansion and contraction of the world economy since the late 1700s is sometimes described in terms of long-term cycles in prices named after the Russian economist Kondratiev. How long on average is each entire growth-stagnation cycle?

What is a "regional motor" to the world economy?

The Changing World Economy

Global Patterns and Trends

Pre-Industrial Foundations

Evolution of the Core Regions

Globalization of Economic Activities

Spatial Reorganization of the Core Economies

Dynamics of Interdependence: Transformation of the Periphery

Agriculture: the Primary Concern

Industrialization: the Path to Progress

Services: Going Global

International and Supranational Institutionalized Integration

Reassertion of the Local in the Age of the Global: Regions and Localities Within the World Economy

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Exam 3: Geographical Dynamics of the World Economy

The product life-cycle model states that:

Which world region now seems to be recapturing the share of world GDP it lost between 1820 and 1950?

The global financial system has experienced a much more rapid pace or speed of transactions since the 1970s. Which type of transaction has experienced the greatest increase in pace?

The expansion and contraction of the world economy since the late 1700s is sometimes described in terms of long-term cycles in prices named after the Russian economist Kondratiev. How long on average is each entire growth-stagnation cycle?

What is a "regional motor" to the world economy?

The Changing World Economy

Global Patterns and Trends

Pre-Industrial Foundations

Evolution of the Core Regions

Globalization of Economic Activities

Spatial Reorganization of the Core Economies

Dynamics of Interdependence: Transformation of the Periphery

Agriculture: the Primary Concern

Industrialization: the Path to Progress

Services: Going Global

International and Supranational Institutionalized Integration

Reassertion of the Local in the Age of the Global: Regions and Localities Within the World Economy

Filters